Jane Street Group LLC Has $585,000 Holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Jane Street Group LLC decreased its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 32.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,023 shares of the financial services provider's stock after selling 5,320 shares during the period. Jane Street Group LLC owned approximately 0.06% of Community Trust Bancorp worth $585,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CTBI. Barclays PLC raised its stake in Community Trust Bancorp by 45.8% during the 3rd quarter. Barclays PLC now owns 50,376 shares of the financial services provider's stock worth $2,502,000 after buying an additional 15,832 shares during the period. SG Americas Securities LLC raised its stake in Community Trust Bancorp by 29.9% during the 4th quarter. SG Americas Securities LLC now owns 5,469 shares of the financial services provider's stock worth $290,000 after buying an additional 1,258 shares during the period. Calton & Associates Inc. acquired a new stake in Community Trust Bancorp during the 4th quarter worth $510,000. New York State Teachers Retirement System acquired a new stake in Community Trust Bancorp during the 4th quarter worth $75,000. Finally, Rhumbline Advisers raised its stake in Community Trust Bancorp by 5.2% during the 4th quarter. Rhumbline Advisers now owns 24,719 shares of the financial services provider's stock worth $1,311,000 after buying an additional 1,232 shares during the period. Institutional investors and hedge funds own 60.20% of the company's stock.

Community Trust Bancorp Stock Down 0.2%

Shares of CTBI traded down $0.09 during midday trading on Friday, hitting $51.31. The stock had a trading volume of 36,297 shares, compared to its average volume of 56,602. The company has a 50 day simple moving average of $49.68 and a two-hundred day simple moving average of $53.01. Community Trust Bancorp, Inc. has a twelve month low of $40.19 and a twelve month high of $61.67. The firm has a market cap of $929.28 million, a price-to-earnings ratio of 11.13 and a beta of 0.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.03. The business had revenue of $66.16 million for the quarter, compared to the consensus estimate of $64.92 million. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.02%. During the same quarter in the previous year, the business earned $1.04 earnings per share. On average, analysts anticipate that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Sunday, June 15th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Friday, June 13th. Community Trust Bancorp's dividend payout ratio is currently 39.25%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CTBI. Piper Sandler dropped their price target on Community Trust Bancorp from $60.00 to $56.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Raymond James dropped their price target on Community Trust Bancorp from $60.00 to $58.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 2nd.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that engages in the provision of commercial and personal banking, and trust and wealth management services to small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, as well as southern West Virginia, and northeastern Tennessee.